What Commercial Property Insurance Requirements Apply in Vermont?

Vermont law gives an insured with a fire policy building coinsurance clause an option to request a written agreed valuation; if the insurer and insured cannot agree, the insured may request a valuation from the Commissioner. This is a tool to discuss the building valuation and coinsurance basis, not a promise that every commercial multi-peril policy includes replacement-cost coverage.

What Is Commercial Property Insurance?

Commercial property may fit your business if you own a building or rely on equipment and stock. Compare replacement-cost terms, deductibles and any coinsurance condition, and check lost-income protection separately. Read the national Commercial property guide.

What to Watch for With Commercial Property in Vermont

Request a Written Building Valuation
When a fire policy on a Vermont building includes coinsurance or a similar percentage-of-value clause, 8 V.S.A. §3961 lets the insured ask the insurer to agree in writing to the building’s value for fixing liability during the policy’s life. If the offer includes that clause, ask whether the insurer will document the agreed valuation and which property it covers. ¹
Know the Commissioner Route
If you and the insurer cannot agree on the §3961 valuation, §3962 lets you submit a valuation request to the Commissioner with the building description and location, company, agent if any, and policy date. Ask the broker whether a valuation request fits your quote timeline before binding. ^2,¹
Confirm the Statute Copy at Renewal
The Vermont Statutes Online page says it includes actions of the 2025 session and is an unofficial convenience copy. Before relying on this valuation option for a later renewal or dispute, have the broker verify the current codified text and whether your offered form is a fire policy within the statute’s scope. ^3,¹

Which Commercial Property Providers Have Vermont License Records?

These providers publish a national listing for Commercial property; the license records below name the licensed entities and roles. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Vermont. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

ERGO NEXT Insurance
Insurance producer · checked 2026-09-28
Next First Insurance Agency, Inc.
ERGO NEXT’s current license table lists Next First Insurance Agency, Inc. in 50 jurisdictions, including Washington, DC; New York is excluded because its table rows name Next Insurance Services and AP Intego, not Next First. The table is company-reported; it does not establish product availability or provide state-regulator verification for each entry. ¹³
ERGO NEXT sells commercial property insurance as an agency; the issuing insurer is responsible for policy obligations.
TechInsurance
Insurance producer · checked 2026-09-28
Specialty Program Group LLC
TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. ¹⁴
TechInsurance arranges commercial property insurance for small businesses.
Vouch
Insurance producer, Surplus-lines broker · checked 2026-09-28
Vouch Specialty Insurance Services, LLC
Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. ¹⁵
As of September 16, 2026, Vouch lists business property for health care and life sciences programs.

Who Regulates Insurance in Vermont?

Vermont Department of Financial Regulation

The Vermont Department of Financial Regulation administers Vermont insurance laws, oversees insurers and insurance producers within its authority, and provides regulatory and consumer resources. You can use the department's complaint process to raise an insurance issue and its licensing resources to check insurance professionals. ^4,^5,⁶

Website: Regulator website
License lookup: Search licensed producers
Complaints: File a complaint

Surplus-Lines Tax and Stamping Office in Vermont

Reported tax rate. 3% of premium ^7,⁸

The NAIC's state chart lists a 3% of premium charge for surplus-lines coverage for Vermont (the chart's state entries were reviewed in October 2025). Your broker may collect the applicable amount with the premium. Surplus-lines insurers are not licensed in the state and generally are outside state guaranty-association protection; ask your broker to explain the insurer's financial protections and any diligent-search requirement that applies to your placement.

Questions to Ask Before You Buy Commercial Property in Vermont

Does Vermont let a business agree on a building value for a fire policy with coinsurance?
What information goes into a Vermont Commissioner valuation request?
Does Vermont’s valuation statute automatically require replacement-cost settlement?

Commercial Property Insurance in Vermont: Frequently Asked Questions

Can I ask for an agreed valuation on a Vermont building policy?

Yes, if the fire policy includes a coinsurance or similar percentage-of-value clause. The insured may request a written valuation agreed by the company and insured for fixing liability during the policy term. ¹

What if my Vermont insurer and I cannot agree on the building value?

Section 3962 permits the insured to ask the Commissioner for a valuation, with a complete building description, location, insurer, agent if any, and policy date. ²

Sources for Commercial Property Insurance in Vermont

1
8 V.S.A. §3961, Valuation of property. Vermont General Assembly; Title 8, Chapter 105, Subchapter 003; fire policy building coinsurance clause; optional written agreed valuation. Accessed 2026-09-28.
2
8 V.S.A. §3962, Application to Commissioner. Vermont General Assembly; Title 8, Chapter 105, §3962: commissioner valuation request when parties do not agree; required application details. Accessed 2026-09-28.
3
Vermont Statutes Online version statement. Vermont General Assembly; Page states compilation includes 2025 session actions; unofficial convenience copy; accessed 2026-09-28. Accessed 2026-09-28.
4
Vermont Department of Financial Regulation. Vermont Department of Financial Regulation; Official regulator website; insurance oversight and consumer/professional resources. Accessed 2026-09-28.
5
Insurance Department Directory. National Association of Insurance Commissioners; Vermont Department of Financial Regulation entry; official contact and website listing. Accessed 2026-09-28.
6
Licensing Center. National Insurance Producer Registry; State producer licensing and lookup resources. Accessed 2026-09-28.
7
Surplus Lines Insurance Premium Taxes. National Association of Insurance Commissioners; VT row; state surplus-lines premium-tax rate reviewed October 2025. Accessed 2026-09-28.
8
Guaranty Associations & Funds. National Association of Insurance Commissioners; Coverage of claims from insolvencies of insurers licensed in a state; surplus-lines insurers are nonadmitted. Accessed 2026-09-28.
9
Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
10
Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
11
Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
12
About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
13
Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
14
Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
15
Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

What Commercial Property Insurance Requirements Apply in Vermont?

What Is Commercial Property Insurance?

What to Watch for With Commercial Property in Vermont

Request a Written Building Valuation

Know the Commissioner Route

Confirm the Statute Copy at Renewal

Which Commercial Property Providers Have Vermont License Records?

ERGO NEXT Insurance

TechInsurance

Vouch